UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 13F

Form 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2006

Check here if Amendment [   ];  Amendment Number:      _
     This Amendment  (Check only one.):	[ ] is a restatement.
					        	[    ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:	Putnam, LLC
Address:	One Post Office Square
	Boston, MA  02109


Form 13F File Number:    28 - 1535

The institutional investment manager filing this
report and the person by whom it is signed hereby
represent that the person signing the report is
 authorized to submit it, that all information contained herein
is true, correct and complete, and that it is understood
that all required items, statements, schedules, lists,
and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:

Name: 	Skip Short
Title:	Senior Vice President
Phone: 	(617) 760-8371

Signature, Place and Date of Signing:

 /s/ Skip Short   _______________
   5/12/2006
                  [Signature]	[City, State]
  [Date]

Report Type    (Check only one.):

[    ]	13F HOLDINGS REPORT.  (Check here
if all holdings of this reporting manager are reported in
this report.)

[ X ]	13F NOTICE.   (Check here if no
holdings reported are in this report, and all holdings are
reported by other reporting manager (s).)

[    ]	13F COMBINATION REPORT.  (Check
here if a portion of the holdings for this reporting
manager are reported in this report and a portion
 are reported by other reporting manager (s).)

List of Other Managers Reporting for this Manager:

	Form 13F File Number	Name

	28 - 90		Putnam Investment Management, LLC